1 March 2023: Wednesday 01 March 2023 - 9:00am
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Floorplan
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    Key features

    • Of interest to developers
    • Planning permission granted for 13 flats (8x one bed and 5x two bed) and a roof terrace
    • Proposed scheme comprises approximately 714 sq m (7,685 sq ft)
    • Current building comprises a detached three storey office of circa 155.00 sq m (1,669 sq ft)
    • Chatham benefits from substantial mixed use development plans
    • Nearby occupiers include Wickes, Waterstones, Sports Direct, Greggs, Footlocker and Primark
    • VAT-Free Opportunity

    Description

    The property comprises a three storey detached office building with planning consent to demolish the building and construct 13 flats (8x one bed and 5x two bed) over four floor.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note current approximate current floor areas have been taken from the VOA and the property has not been measured by Savills.


    Existing:


    Ground - 56.50 sq m (608 sq ft)

    Basement - 26.40 sq m (284 sq ft)

    First - 45.20 sq m (487 sq ft)

    Second - 26.90 sq m (290 sq ft)


    Total - 155.00 sq m (1,669 sq ft)


    Proposed:


    Tenancy

    Vacant Possession.

    Planning

    The property benefits from current planning permission granted on 17 March 2021 for the demolition of existing two storey detached office building and construction of a five storey block comprising of eight 1-bedroom and five 2-bedroom residential units (ref: MC/20/2905). For further information please contact Medway Bourough Council (www.medway.gov.uk).


    There is lapsed planning (ref: MC/18/2749) for 16 flats over 6 floors which was approved in 2019. It's possible that alternative planning permission may be granted should the buyer wish to enquire in this regard.

    Rent

    -

    Notes

    Please note, the site areas provided are approximate. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. The property has not been internally inspected by Savills, prospective purchasers must rely upon their own enquiries in this regard.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Chatham is a popular commuter town approximately 8 miles north of Maidstone and 33 miles south-east of Central London. The property is located in a prominent corner position on the east side of Cambridge Terrace, in a mixed commercial and residential location. The property is within close proximity to Chatham town centre, with nearby occupiers including Wickes, Waterstones, Sports Direct, Greggs, Footlocker and Primark.

      Transport

      8 miles north of Maidstone

      33 miles south-east of Central London


      Roads: A229, M20, M25

      Train: Chatham Train Station (0.2 miles)

      Legal documents

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      EPC rating

      The EPC rating for this property is E

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums